China to step up efforts to revive property sector

Dhwani Mehta FXStreet

Citing four people familiar with the matter, Reuters reported on Friday that China is likely to step up action to revive the country’s property sector.

Key takeaways

China property revival proposals include relaxing home-purchase curbs.

China property revival proposals include removing price caps on new homes.

The plan is to act as existing policies failed to sustain a sector rebound earlier this year.

Market reaction

AUD/USD is uninspired by the renewed China optimism, losing 0.40% on the day to trade at 0.6456, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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